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ENRON AFFILIATES ANNOUNCE DIVIDENDS
FOR IMMEDIATE RELEASE: Friday, March 20, 1998
HOUSTON -- Enron Capital LLC, a wholly owned subsidiary of Enron Corp., announced today the declaration of its monthly dividend of $0.166667 on the Enron Capital LLC 8% Cumulative Guaranteed Monthly Income Preferred Shares for the month of March, payable March 31, 1998 to stockholders of record as of March 30, 1998. The annual dividend rate is $2.00.
Enron Capital Resources, L.P., a Delaware limited partnership in which Enron Corp. is the sole general partner, announced today the declaration of its monthly dividend of $0.1875 on the Enron Capital Resources, L.P. 9% Cumulative Preferred Securities, Series A, for the month of March, payable March 31, 1998 to holders of record as of March 30, 1998. The annual dividend rate is $2.25.
Enron Capital Trust I, a Delaware statutory business trust, announced today the declaration of its quarterly dividend of $.51875 on the Enron Capital Trust I 8.30 percent Trust Originated Preferred Securities, payable March 31, 1998 to holders of record as of March 30, 1998. The annual dividend is equivalent to $2.075 per preferred security.
Enron Capital Trust II, a Delaware statutory business trust, announced today the declaration of its quarterly dividend of $.5078 on the Enron Capital Trust II 8.125 percent Trust Originated Preferred Securities, payable March 31, 1998 to holders of record as of March 30, 1998. The annual dividend is equivalent to $2.03125 per preferred security.
Enron is the world's leading integrated natural gas and electricity company. The company owns approximately $23 billion in energy related assets and delivers physical commodities and risk management and financial services to provide energy solutions to customers around the world. Enron's internet address is www.enron.com, and the stock is traded under the ticker symbol, "ENE."
For additional information please contact:
Karen Denne
(713) 853-9757
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